Bringing back the peseta won?t solve Spain?s problems

It is not austerity but the threat of insolvency that is killing peripheral economies such as Spain. Since it has become clear that the European Union is not willing to completely mutualise risks and that, as a consequence, some countries may prefer to abandon the euro rather than restructuring their private and public debt, no capital seems to be safe inside any of the candidates to default and depreciate their currencies.

Read the full blog post here

Source: http://www.iea.org.uk/blog/bringing-back-the-peseta-won%E2%80%99t-solve-spain%E2%80%99s-problems

uk retirement drawdown state pension forecast uk state pension pension lump sum